Earlier this week, we reported that Geely assured everyone that the Volvo acquisition is going according to plan, although an official agreement had not been signed yet. Now, the Chinese company announced that it has secured a $2.1 billion financing for the acquisition of the Swedish brand, as Reuters reports, citing a Swedish business daily.
According to Dagens Industri’s sources, the money have been provided by Chinese banks and regional government agencies. The paper’s sources said that th… (read more)